Funding you earn now, next payment 00:00 UTC−0.0112%/8h= −12.3% APRnext payment −$1.12 per $10,000 · paid last 24h −0.004%
Price spread now: BloFin against BingX+0.020%7-day average +0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$510.515% of the position
Funding, last 7 days−0.035%−$4 on $10k
+Price spread, last 3 days (all we have)+0.112%+$11 · spread now +0.020%, 7d avg +0.032%
=The price spread sits at its 7-day average of +0.032%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PENDLE-USDT | 2.4876 | 0.0100 | pay 0.0100% / 8h | 1h 17m | — | $36.2M | — |
| Short | BloFin PENDLE-USDT | 2.4881 | −0.0012 | pay 0.0012% / 8h | 1h 17m | $1.3M | $735K | 75x |
BingX PENDLE-USDT
BloFin PENDLE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$23.62
- Price spread: +0.020% → +0.032%
- −$1.16
- Slippage, 4 orders
- −$29.48
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$76.26
- Costs to cover
- 0.515%
- Break-even
- never at this rate
Slippage from BingX: live order book, 2 min ago; BloFin: live order book, 5 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy BingX live order book, 2 min ago | 3.62 bp | 14.6 bp −$15 | 26.5 bp −$265 | 243.8 bp −$24.4K | 447.9 bp −$224.0K |
| Sell BloFin live order book, 5 min ago | 0.80 bp | 16.5 bp −$16 | 28.9 bp −$289 | doesn't fit | doesn't fit |
PENDLE on 30 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective PENDLE/USDC PERP | −0.3656% | 1h | 2.4770 | −0.426% | $2K | $53K | 5.5x | as long as short |
| Deribit PENDLE_USDC-PERPETUAL | −0.0312% | 1h | 2.4879 | +0.012% | $29K | $10K | 10x | as long as short |
| ApeX Omni PENDLEUSDT | −0.0050% | 1h | 2.4960 | +0.338% | $76K | $239K | 50x | as long as short |
| BloFin PENDLE-USDTshort | −0.0012% | 8h | 2.4881 | +0.020% | $1.3M | $735K | 75x | |
| dYdX PENDLE-USD | 0.0000% | 1h | 2.4922 | +0.183% | $10K | — | 5x | as long as short |
| Extended PENDLE-USD | 0.0000% | 1h | 2.4856 | −0.081% | $164K | $526K | 10x | as long as short |
| Binance PENDLEUSDT | +0.0001% | 8h | 2.4878 | +0.008% | $26.8M | $40.8M | 75x | as long as short |
| MEXC PENDLE_USDT | +0.0004% | 8h | 2.4872 | −0.016% | $16.8M | $2.1M | 125x | as long as short |
| Orderly PERP_PENDLE_USDC | +0.0018% | 8h | 2.4871 | −0.020% | $20K | $16K | 10x | as long as short |
| Reya PENDLERUSDPERP | +0.0041% | 1h | 2.4871 | −0.020% | $4K | — | 15x | as long as short |
Injective PENDLE/USDC PERP
Deribit PENDLE_USDC-PERPETUAL
ApeX Omni PENDLEUSDT
dYdX PENDLE-USD
Extended PENDLE-USD
Binance PENDLEUSDT
MEXC PENDLE_USDT
Orderly PERP_PENDLE_USDC
Reya PENDLERUSDPERPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni PENDLE | +0.0065% | 8h | 2.4937 | +0.245% | $551K | $2.0M | — | as long as short |
| GRVT PENDLE_USDT_Perp | +0.0077% | 8h | 2.4911 | +0.142% | $414K | $1.6M | 10x | as long as short |
| Aevo PENDLE-PERP | +0.0080% | 1h | 2.4871 | −0.022% | $26K | — | 3x | as long as short |
| Lighter PENDLE | +0.0096% | 1h | 2.4884 | +0.032% | $524K | $424K | 5x | as long as short |
| Paradex PENDLE-USD-PERP | +0.0100% | 8h | 2.4887 | +0.045% | $35K | $20K | 10x | as long as short |
| Hyperliquid PENDLE | +0.0100% | 1h | 2.4908 | +0.129% | $12.3M | $6.0M | 5x | as long as short |
| Aster PENDLEUSDT | +0.0100% | 8h | 2.4891 | +0.062% | $44K | $176K | 10x | as long as short |
| Bybit PENDLEUSDT | +0.0100% | 8h | 2.4870 | −0.024% | $15.3M | $11.9M | 50x | as long as short |
| OKX PENDLE-USDT-SWAP | +0.0100% | 4h | 2.4890 | +0.056% | $3.2M | $5.9M | 50x | as long as short |
| Gate PENDLE_USDT | +0.0100% | 8h | 2.4890 | +0.056% | $780K | $1.2M | 75x | as long as short |
| KuCoin PENDLEUSDTM | +0.0100% | 8h | 2.4902 | +0.105% | $889K | $614K | 50x | as long as short |
| Bitget PENDLEUSDT | +0.0100% | 8h | 2.4860 | −0.064% | $3.7M | $2.7M | 75x | as long as short |
| BingX PENDLE-USDTlong | +0.0100% | 8h | 2.4876 | long leg | — | $36.2M | — | |
| edgeX PENDLEUSDC | +0.0100% | 4h | 2.4953 | +0.311% | $25K | $397K | 10x | as long as short |
| Polymarket Perps PENDLE-USD | +0.0100% | 1h | 2.4902 | +0.105% | $16K | $20K | 5x | as long as short |
| SunX PENDLE-USDT | +0.0100% | 8h | 2.4894 | +0.072% | $2K | $1.7M | 20x | as long as short |
| GMX PENDLE/USD [PENDLE-USDC] | L +0.0199% / S −0.0256% | 1h | 2.4892 | +0.063% | $5K | — | 100x | as long as short |
| Coinbase International PENDLE-PERP-INTX | +0.0592% | 1h | 2.5020 | +0.579% | $139K | $462K | 25x | as long as short |
| Backpack PENDLE_USDC_PERP | +0.0670% | 1h | 2.4927 | +0.205% | $352K | $475K | 15x | as long as short |
| Kraken Futures PF_PENDLEUSD | +0.0756% | 1h | 2.4927 | +0.206% | $119K | $304K | 20x | as long as short |
Variational Omni PENDLE
GRVT PENDLE_USDT_Perp
Aevo PENDLE-PERP
Lighter PENDLE
Paradex PENDLE-USD-PERP
Hyperliquid PENDLE
Aster PENDLEUSDT
Bybit PENDLEUSDT
OKX PENDLE-USDT-SWAP
Gate PENDLE_USDT
KuCoin PENDLEUSDTM
Bitget PENDLEUSDT
edgeX PENDLEUSDC
Polymarket Perps PENDLE-USD
SunX PENDLE-USDT
GMX PENDLE/USD [PENDLE-USDC]
Coinbase International PENDLE-PERP-INTX
Backpack PENDLE_USDC_PERP
Kraken Futures PF_PENDLEUSD